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Washington State Journal At the end of the mostly virtual legislative session April 25, lawmakers passed a hefty $59 billion budget that funnels millions into childcare, public health, rental assistance and addressing the economic impact of a yearlong global pandemic. The budget includes a controversial capital gains tax, which would collect 7% on the exchange of capital assets such as stocks above $250,000. Democrats have targeted the revenue to fund childcare and tax credits for low-income families. “We addressed tax reform through the W...
Washington State Journal OLYMPIA — This year’s legislature will not just be about numbers and budgets: it will explore social inequities, the proper role of policing and just how much authority the governor is due. Gov. Jay Inslee said his budget proposal specifies funds for marginalized communities, who have been disproportionately affected by the COVID-19 pandemic. His plans to remedy these issues include forming independent agencies to investigate police violence, expanding early childhood education and increasing access to h...
